Price for Spices; Nutmeg, Neither Crushed Nor Ground in Denmark - 2023
Contents:
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Denmark (CIF) - 2022
- Price for Spices; Nutmeg, Neither Crushed Nor Ground in Denmark (FOB) - 2022
- Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Denmark
- Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Denmark
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Denmark (CIF) - 2022
In 2022, the average import price for spices; nutmeg, neither crushed nor ground amounted to $29,974 per ton, waning by -19.4% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for spices; nutmeg, neither crushed nor ground decreased by -35.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 40%. Over the period under review, average import prices reached the peak figure at $46,338 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($56,184 per ton), while the price for Grenada ($2,514 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Spices; Nutmeg, Neither Crushed Nor Ground in Denmark (FOB) - 2022
The average export price for spices; nutmeg, neither crushed nor ground stood at $15,494 per ton in 2022, reducing by -40.3% against the previous year. Over the period under review, the export price saw a slight decrease. The pace of growth was the most pronounced in 2013 an increase of 69%. Over the period under review, the average export prices hit record highs at $36,860 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($23,857 per ton), while the average price for exports to Faroe Islands ($10,429 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+7.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Spices; Nutmeg, Neither Crushed Nor Ground in Denmark
In 2022, approx. 4.6 tons of spices; nutmeg, neither crushed nor ground were imported into Denmark; rising by 15% on 2021 figures. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 68%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of spices; nutmeg, neither crushed nor ground contracted to $139K in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. As a result, imports reached the peak of $150K, and then dropped in the following year.
| Import of Spices; Nutmeg, Neither Crushed Nor Ground in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.6 | 0.9 | 47.3 | 69.3 | 251.2% |
| Sweden | 77.9 | 95.2 | 86.1 | 52.9 | -12.1% |
| Sri Lanka | N/A | 14.0 | 12.7 | 14.2 | 0.7% |
| Grenada | N/A | N/A | 1.4 | 0.7 | -50.0% |
| Others | 4.2 | 1.1 | 2.6 | 1.8 | -24.6% |
| Total | 83.7 | 111 | 150 | 139 | 18.4% |
Top Suppliers of Spices; Nutmeg, Neither Crushed Nor Ground to Denmark in 2022:
- Germany (2864.0 kg)
- Sweden (941.0 kg)
- Sri Lanka (461.0 kg)
- Grenada (282.0 kg)
Exports of Spices; Nutmeg, Neither Crushed Nor Ground in Denmark
Exports of spices; nutmeg, neither crushed nor ground from Denmark declined remarkably to 81 kg in 2022, dropping by -26.4% against 2021 figures. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 31%.
In value terms, exports of spices; nutmeg, neither crushed nor ground declined remarkably to $1.3K in 2022. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, the exports attained the peak of $2.9K, and then fell markedly in the following year.
| Export of Spices; Nutmeg, Neither Crushed Nor Ground in Denmark (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Faroe Islands | 292 | 599 | 448 | 365 | 7.7% |
| Norway | 188 | 1,128 | 1,641 | 360 | 24.2% |
| Greenland | 47.0 | 280 | 603 | 292 | 83.8% |
| Sweden | 1,547 | N/A | 125 | 167 | -52.4% |
| Canada | N/A | N/A | N/A | 71.0 | 0% |
| Others | N/A | 9.0 | 39.0 | N/A | 333.3% |
| Total | 2,074 | 2,016 | 2,856 | 1,255 | -15.4% |
Top Export Markets for Spices; Nutmeg, Neither Crushed Nor Ground from Denmark in 2022:
- Faroe Islands (35.0 kg)
- Norway (19.0 kg)
- Greenland (14.0 kg)
- Sweden (7.0 kg)
- Canada (6.0 kg)
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Denmark.
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This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
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This report provides an in-depth analysis of the market for nutmeg, mace and cardamom in Denmark.
3997
This report provides an in-depth analysis of the global market for nutmeg, mace and cardamom.
3777
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8422
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3865
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
3777
In 2016, the nutmeg, mace and cardamom market peaked at X tons. Over the period from 2007 to 2016, consumption expanded with an annual average rate of growth of +X%. Following a slight decline in consumption from 2009-2010, the nutmeg, mace and
8422
In 2015, the countries with the highest levels of production in 2015 were Guatemala (X thousand tons), Indonesia (X thousand tons), India (X thousand tons), together accounting for X% of total output.
3865
Guatemala continued its dominance in the global trade of nutmeg, mace and cardamom. In 2014, Guatemala exported X thousand tons of nutmeg, mace and cardamoms totaling X USD, X% over the previous year. Its primary trading partner was Saudi Arabia,
